Abenomics is centered on the ultraloose monetary policy of the Bank of Japan, which has pledged to spark sustainable inflation of 2 percent a year and thereby reinvigorate the reportedly sluggish Japanese economy.
Abenomics under heavy fire after dodgy data hid apparent drop in wages across Japan in 2018.
At Tuesday’s Lower House Budget Committee session, opposition lawmaker Kazunori Yamanoi looked furious.
It may have been posturing, but Yamanoi, of the Democratic Party for the People, perhaps had good reason to be angry: the government is refusing to publicize the average real wage of workers in the nation last year, one of the most fundamental economic indicators used to gauge the economic conditions of millions of employees across Japan.
BY REIJI YOSHIDA STAFF WRITER